Rental Property Fixed Rate Loan

Braxton & Company is an approved wholesale broker for this program. Offering low interest, fixed rate, 30 year term and amortization. Up to an 80% LTV on acquisitions and up to 75% LTV on a refinance with or without cash-out. Income qualifications are based on the property’s cashflow and not your personal income. No Bankruptcies or Foreclosures in the past 2 years. Contact me to discuss your scenario or to get pre-approved.

 

Key Points

Same Day LOI

Minimum FICO 660

No Personal Income Verification, Tax Forms or W-2s

Minimum property value $100,000

Minimum 3 Month Ownership Required For Full-Appraisal Value

No Limit On Property Owned

Close within 4 Weeks

 

 

Terms

$100,000 - $2 million

LTV: Up to 80%*

Interest: from 7.25%**

Rate: Fixed

Term: 30 year

Amort: 30 year

DSCR: 1.20 minimum

PPP: Multiple Options

Full Recourse

Impounds Required

Minimum 6 Month Reserves PITI-A

 

 

Purpose

Purchase

Refinance

Cash-Out

 

 

Collateral

Condominium (warrantable and non-warrantable)

Single Family Home

Townhouse

Duplex

Triplex

Quadruplex

Planned Urban Developments (PUD)

 

 

*Up to 80% LTV on purchase and rate and term refinance. Up to 75% LTV on refinance with cash-out.

**Interest Rate dependent upon credit score, loan-to-value, fixed term and DSCR. Buy-down available.